August 17, Kathmandu - Nyadi Hydropower Limited is going to sell IPO from today. The company is going to sell a total of 1.8 million ordinary shares with a face value of Rs 100 per share to the project-affected locals and founding shareholders.

According to the Environmental Impact Assessment Report and Supplementary Environmental Impact Assessment Report of the project, the most affected area is Marsyangdi village in ward no. 3 (Savik Khudi VDC ward no. 1, 2, 3, and 6 only) and Marsyangdi village municipality ward no. 6, 7 and 8 (Savik Bahundanda VDC and all the wards of Savik Bhulbhule VDC) sold 500,000 shares to the locals and 1 million shares were sold to the locals of other areas of Lamjung district besides that area. 

The company will sell the remaining 300,000 shares to the employees of its founding shareholders Butwal Power Company and Lamjung Power Development Company. The IPO will go on sale soon till September 30. If the application is not received as per the demand by this period, it will be on sale till September 12.

The IPO sales manager is Global IME Capital Limited. NMB Bank's Beshisahar branch, Civil Bank's Bhulbhule branch, and Global IME Bank's Beshisahar, Dordi, Bhorletar, Sunderbazar, and Bhoteodar branch offices can apply for IPO purchase along with the sales manager. Employees of the company's founding shareholder organization can apply from the company's office, Buddhanagar.